Kalanithi Maran

The Delhi High Court on Monday dismissed pleas by SpiceJet and its promoter Ajay Singh seeking a review of an earlier order to deposit Rs 144 crore in connection with its legal dispute with media baron Kalanithi Maran and Kal Airways. Justice Subramonium Prasad also imposed cost of Rs 50,000 on the airline and Singh. "Dismissed with cost of Rs 50,000," the judge said while pronouncing the verdict. On January 19, the court had directed SpiceJet and Singh to deposit Rs 144 crore with the registry within six weeks against an admitted liability of Rs 194 crore. On March 18, time to make the deposit was extended by four weeks. Singh and his budget airline sought reconsideration of the March 18 direction on several counts, including financial distress amid the ongoing war in West Asia. SpiceJet instead offered a commercial property in Gurugram as security and informed the court that the Centre was willing to offer it some assistance. Maran and Kal Airways opposed the review petitions,

Kalanithi Maran and KAL Airways have approached the Supreme Court after the Delhi HC dismissed their pleas for Rs 1,323 crore in damages from SpiceJet, citing delays in appeal filing

Sun TV denied reports of a dispute between CMD Kalanithi Maran and former Union Minister Dayanidhi Maran over a 2003 share allotment

A fierce family battle has erupted within one of South India’s most powerful business-political dynasties. Former Union Minister Dayanidhi Maran has served a legal notice to his brother.

Dayanidhi Maran accuses brother Kalanithi of fraud and demands reversal of shareholding changes in Sun TV Network dating back to 2003

The HC said the delay in refiling was deliberate and concealed from the court; arbitration and a single judge had earlier rejected the damages claim by Maran and Kal Airways

Kalanithi Maran and KAL Airways sought ₹1,300 crore in damages, claiming SpiceJet failed to issue securities despite receiving ₹679 crore as part of a share transfer agreement

In an escalation of the ongoing dispute, SpiceJet on Tuesday said the claims made by KAL Airways and Kalanithi Maran for more than Rs 1,323 crore in damages are baseless and legally untenable. On Monday, KAL Airways and Kalanithi Maran said they will seek more than Rs 1,323 core in damages from SpiceJet and its chief Ajay Singh as well as challenge the recent Delhi High Court order in the ongoing dispute between the two sides. In a regulatory filing, SpiceJet said it strongly refutes the claims made by KAL Airways and Maran regarding seeking damages of Rs 1,323 crore. "These assertions are not only legally untenable but also a regurgitation of previously rejected claims by the arbitral tribunal and then the Delhi High Court," the airline said in the filing on Tuesday. According to the carrier, KAL Airways and Maran initially sought damages of more than Rs 1,300 crore during the arbitration proceedings. "This claim was thoroughly examined and subsequently rejected by a panel of thr

KAL Airways and its promoter Kalanithi Maran have decide to challenge an arbitral award requiring SpiceJet and Ajay Singh to refund Rs 579 crore plus interest to Maran

For the last several quarters, SpiceJet has been grappling with a cash crunch amid multiple legal battles over unpaid dues to aircraft lessors, engine lessors, lenders, and Maran

Airline taking step after Delhi High Court gave it reprieve in share transfer dispute

Kal Airways and Maran had moved the Delhi High Court on August 9, 2023, seeking 50 per cent of the daily revenue collection of low-cost carrier SpiceJet to be paid to them on a weekly basis

The Delhi High Court overturned a single judge's ruling that upheld the validity of an arbitral award in favour of Kalanithi Maran

The Delhi High Court has asked SpiceJet's chairman and managing director, Ajay Singh, to be present on the next date of hearing

Last month, the court had asked the airline to pay Rs 100 crore to Maran by September 10

Kalanithi Maran claims that SpiceJet owes him Rs 393 crore as of August 3

The court also issued notice to SpiceJet and Singh to file an affidavit disclosing their assets before the next hearing

Sun Group says 'no question' of that, asks airline to make full payment to in arbitral award

While dismissing the plea, the bench said that the present application is 'nothing but a delay tactic of Spicejet Ltd. to not pay money even when there are court orders directing the same'

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